The UW will then counter the loan as an investment property and require 20-25% down or counter it as a second home with conventional financing with a min down of 10-20%.This is what will happen if a loan officer submits the file as suggested above.It would have to be a pretty rookie mistake by a loan officer (LO) though to submit a file with out the property explanation and documentation because it would not put your file in the best possible light and achieve what you've intended to achieve.Is it possible for her to get a primary residence ?

@Ryan EllisAn assigned Lo agreement Mortg brokers don't likeI enter into a Lo agreement with seller w letter of intent to assign and get a fee from tenant buyer, then record the option, then charge an option release fee to buyer, keeping the same terms, option release fee is NOT part of original option, buyer needs to qualify w their own saved down paymentInterview a few mortgage brokers about FHA Mortg qualification 

First Question, did your LO evaluate your purchasing capability, based on purchase price, potential rents & etc.

I reminded the CU that Regulation B §1002.14 applies in this case and now my LO is requesting permission to release the evaluation to me.That said, I've never heard of a "liquidation value" appraisal being used for a purchase money transaction. 

I have a L/O in Lancaster county.

First property...makes it even worse.I asked a lot of questions but didn't make an offer, lo and behold the owner has since reached out to my agent multiple times saying he will take a deal.

Looking for an experienced LO for a loan that will need rehab funds built in for my buyers.

I was thinking a sub2 L/O type of deal and he agreed.

This is what I sent them:Offer is for a purchase price of $128,000APR RATE at 4% on 30 year fixedTotal cost of mortgage to us $219,993 Monthly schedule payments of $611Since they bought it for $36,000 back in the 70s, I figure there was a chance they probably refi or something, which I got a reply from them that yes they do have a mortgage on it and that yes they are interested in learning more about the possibility of selling it as Owner financing.So from what I picked up of all the threads is that LO or Sub2 is the way to go, I welcome you to take this post and chop it up.

I just joined the sight a couple of days ago and had to look up what house hacking was, and lo and behold, that's how I got started in real estate.